Manchester Music Festival Inc
- Assets
- $2.3m
- Revenue
- $673.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Manchester, VT
- Founding
- 03/1985
- Data as of
- 12/2023
- EIN
- 22-2575753
Organization Overview
Manchester Music Festival Inc is located in Manchester, VT. The organization was established in 1985. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Manchester Music Festival Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester Music Festival Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Manchester Music Festival Inc generated $673.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $530.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MMF ENGAGES, INSPIRES, AND GROWS A SUPPORTIVE AUDIENCE FOR CLASSICAL MUSIC, PERFORMED AT THE HIGHEST LEVEL OF ARTISTIC EXCELLENCE, AND TEACHES EXCEPTIONAL YOUNG PERFORMERS IN THE ART OF CHAMBER MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANCHESTER MUSIC FESTIVAL HAS BEEN BRINGING THE PASSION AND BEAUTY OF CLASSICAL MUSIC TO OUR SOUTHWESTERN VERMONT COMMUNITY FOR CLOSE TO 50 YEARS. THE MANCHESTER MUSIC FESTIVAL OFFERS CLASSICAL MUSIC PERFORMANCES OF THE HIGHEST CALIBER. AS A NON-PROFIT CORPORATION, UNDER THE LEADERSHIP OF OUR EXECUTIVE TEAM OF ARTISTIC AND EXECUTIVE DIRECTORS AND THE GUIDANCE OF OUR BOARD OF DIRECTORS, WE PRODUCE CLASSICAL MUSIC CONCERTS THROUGHOUT THE SUMMER, PRIMARILY. WE HOST RENOWNED MUSICIANS AND OPERATE A FULL SCHOLARSHIP SUMMER CHAMBER MUSIC PROGRAM FOR PRE-PROFESSIONAL PERFORMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Zellner Chair | OfficerTrustee | 3 | $0 |
Gail Ebling Vice-Chair | OfficerTrustee | 3 | $0 |
John Mcinerney Treasurer | OfficerTrustee | 3 | $0 |
Walter Miller Secretary | OfficerTrustee | 3 | $0 |
Betty Baker Director | Trustee | 3 | $0 |
Bruce Berman Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,933 |
| Total Program Service Revenue | $135,045 |
| Investment income | $43,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,503 |
| Net Gain/Loss on Asset Sales | -$80 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,668 |
| Compensation of current officers, directors, key employees. | $61,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,406 |
| Payroll taxes | $13,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,399 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,516 |
| Office expenses | $15,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,068 |
| Travel | $27,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,082 |
| Insurance | $12,288 |
| All other expenses | $4,161 |
| Total functional expenses | $530,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,045 |
| Savings and temporary cash investments | $24,033 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,723 |
| Net Land, buildings, and equipment | $354,193 |
| Investments—publicly traded securities | $1,858,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,323,767 |
| Accounts payable and accrued expenses | $7,975 |
| Grants payable | $0 |
| Deferred revenue | $1,650 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,625 |
| Net assets without donor restrictions | $1,067,991 |
| Net assets with donor restrictions | $1,246,151 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,323,767 |